More Cash

The unsecured, subordinated redeemable debenture will carry a five-year tenure and will be quoted on the Colombo Stock Exchange.

rnrnThe issue will be doubled by Rs. 300 mn in the event of an oversubscription, Seylan Bank
quote s Ajantha Madurapperuma told Lanka Business Online.

rnrnHe said the interest rate for the issue has not been decided yet.rn